Over-the-counter

A type of financial market where trading occurs directly between parties, typically outside of a centralized exchange. In OTC markets, participants buy and sell financial instruments, such as stocks, bonds, currencies, or derivatives, directly with each other, often through brokers or dealers.

OTC trading is characterized by greater flexibility and customization in terms of transaction terms and assets traded, making it suitable for less liquid or specialized securities.

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Open-source

A software or project development approach that makes the source code of a program or project publicly available for inspection, use, modification, and distribution.

Oracles

Blockchain oracles are important in connecting blockchain networks with external data sources. They offer a bridge between the on-chain and off-chain worlds of blockchain technology and serve as third-party services that retrieve, verify, and authenticate external data. With this bridge smart contracts can utilize real-world data outside the blockchain network.

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